Netflix CEO Ted Sarandos said the streamer is "unlikely" to pursue major acquisitions after withdrawing its bid for Warner Bros. Discovery, instead planning to invest the $2.8 billion termination fee back into the business. Sarandos indicated Netflix will pursue creative theatrical partnerships with cinema owners, including upcoming releases like "One Piece" in theaters.
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Netflix CEO Ted Sarandos said the streamer is "unlikely" to pursue major acquisitions after withdrawing its bid for Warner Bros. Discovery, instead planning to invest the $2.8 billion termination fee back into the business. Sarandos indicated Netflix will pursue creative theatrical partnerships with cinema owners, including upcoming releases like "One Piece" in theaters.